Business & Finance: Locomotives

With U. S. railroads well equipped, the principal immediate opportunity
to increase sales of locomotives is to improve them and render them
more economical than at present. If this can be done, the roads will
scrap good but high cost engines, since the new equipment can be paid
for out of operating economies.

Locomotive producers, spurred by the sag in the railway equipment
business, have been hard at work at this problem for some time. The
"Big Three"American, Baldwin and Limaare all getting somewhere
with their attempts in this direction, too.